2020 Tax Guide by Scott Associates

Scott Associates' helpful tax guide for the coming financial year. This booklet contains concise information only. If there are any issues raised in this brochure of anything relating to your taxation and financial affairs you wish to discuss, please do not hesitate to contact us.

Family essentials

The Australian tax system offers a range of tax benefits including credits, refunds and offsets to support families.

Get a Tax file number

A tax file number (TFN) is a unique nine-digit number we issue to individuals and organisations to help us administer tax and other Australian Government systems.

Guide for workers

When you're starting a new job you have specific rights and obligations beginning with completion of a Tax file number declaration.

Lodging your tax return

You lodge a tax return each year to tell us your annual income so we can work out how much tax is payable.

Rental Property Expenses

You can claim expenses relating to your rental property but only for the period your property was rented or available for rent; for example, advertised for rent.

Tax payments and refunds advice

This information is for individual taxpayers but not companies, partnerships or trusts. It explains what happens after you lodge your tax return.